Overview
What is Freedom Credit Union?
Freedom Credit Union is a cooperative savings and credit association based in Warminster, Pennsylvania, with a membership of 68,716 individuals. Their primary purpose is to promote thrift among their members, create a source of credit, and offer an opportunity for members to control their money democratically. With a mission to provide low-cost financial services and products, Freedom Credit Union aims to improve the economic and social conditions of its members. The organization employs 102 people and is dedicated to delivering affordable financial solutions to its community.
Official website here: www.freedomcu.org
Is Freedom Credit Union legitimate?
Freedom Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Freedom Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,413,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,180,196
For more financial information, click here
Official website here: www.freedomcu.org
What is the mission statement of Freedom Credit Union?
Freedom Credit Union is a cooperative savings and credit association, with a membership of over 68,000 individuals. The mission of the credit union is to provide affordable financial services and products to its members. This non-profit organization was established with the purpose of promoting thrift among its members, offering them a reliable source of credit at reasonable interest rates. The credit union empowers its members to control their own money democratically, with the ultimate goal of improving their economic and social conditions.
Official website here: www.freedomcu.org
Who is the CEO of Freedom Credit Union?
John F King is the President/Ceo of Freedom Credit Union. The CEO's salary of Freedom Credit Union is $865,645 and their total compensation is $931,655.
Official website here: www.freedomcu.org
What is the revenue of Freedom Credit Union?
Who are the executives of Freedom Credit Union and what are their salaries?
The average compensation at Freedom Credit Union during 2022 was $74,443. There are 102 employees and 10 volunteers at Freedom Credit Union.
Here are 17 key members and their salaries (Freedom Credit Union's CEO's salary is $865,645 and their total compensation is $931,655):
- John F King (President/Ceo)
- Karin Colon (Evp- Chief Operations Offi)
- Kevin Quinn (Svp - Chief Financial Offi)
- Tim Greim (Svp - Chief Information Of)
- Patrick Macleod (Consumer Lending Manager)
- Miguel Duprey (Member Services Team Manager)
- Sandra Dworecki (Project Manager)
- Christopher Mcginley (Chairman) [Trustee/Director]
- George Madden (Vice Chairman) [Trustee/Director]
- Charles M Whiting (Secretary) [Trustee/Director]
- Matthew Lentz (Treasurer) [Trustee/Director]
- Marie E Sejda (Director)
- Crystal Barnett (Director)
- Wade Birchfield (Director)
- Steven Turco (Director)
- Vincent Rutland (Director)
- Donald Woods (Director)
Official website here: www.freedomcu.org
Where can I find the form 990 for Freedom Credit Union?
The Freedom Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.freedomcu.org
Learn more at the official website: www.freedomcu.org
Mission Statement of Freedom Credit Union
Freedom Credit Union, a cooperative savings and credit association, is dedicated to promoting thrift and providing affordable financial services and products to its 68,716 members. Established with the goal of putting economic power into the hands of its members, Freedom Credit Union offers an opportunity for individuals to control their own money in a democratic manner. By doing so, the organization aims to improve the economic and social conditions of its members.
Freedom Credit Union operates under the belief that everyone deserves access to financial services at reasonable rates. As a not-for-profit entity, its mission is to provide low-cost financial services and products to its members, ensuring they have the means to manage their finances effectively. The credit union's democratic nature allows its members to have a say in how their financial institution is run, fostering a sense of community and empowerment.
Freedom Credit Union's commitment to its members extends beyond just financial services. By promoting thrift, the organization encourages its members to save and build a financial foundation for their future. This not only benefits individuals but also contributes to the overall financial stability of the community.
By offering a range of financial products, Freedom Credit Union caters to the diverse needs of its members, providing them with the tools they need to achieve their financial goals. The credit union's cooperative structure ensures that any profits generated are reinvested back into the organization, allowing it to offer competitive rates and services to its members. With a focus on accessibility and affordability, Freedom Credit Union is more than just a financial institution - it's a partner in the financial journey of its members, helping them to improve their economic conditions and build a better future.
Impact
This information is meant to be a general summary of Freedom Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Freedom Credit Union's impact lies in providing low-cost financial services and products to its members, promoting thrift, creating access to credit at reasonable rates of interest, and empowering its 68,716 members to use and control their own money on a democratic basis. By improving the economic and social conditions of its members in Warminster, PA, Freedom Credit Union serves the public benefit by fostering financial stability and independence within its community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$29,133,980
Organization Details
Founding Year
1934
Phone
(215) 612-5900
Principal Officer
John F King
Main Address
626 JACKSONVILLE RD 250, WARMINSTER, PA, 189744862
Website
www.freedomcu.org
NTEE Category
Code: W60 - Public benefit
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